Boat Finance in New Zealand
Owning a boat in New Zealand is delightful but also very costly. Boat finance is a type of personal loan that enables you to purchase either a new or used boat. It is usually a secured loan, whereby you use the boat as collateral. Some lenders will accept a different asset of value, such as property or car, as security for the boat finance.
Before you take the actual step of purchasing a boat, it is crucial to understand its costs. Many end up buying boats and reselling them when they know the many expenses attached to it.